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Asian stocks rise after Fed chair downplays bigger rate hike

Asian stocks rise after Fed chair downplays bigger rate hike

BEIJING (AP) — Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve chairman downplayed the likelihood of bigger rate hikes following the U.S. central bank's biggest increase in two decades.
Ukraine: Russia using 'missile terrorism' in wide attacks

Ukraine: Russia using 'missile terrorism' in wide attacks

LVIV, Ukraine (AP) — Complaining that the West is "stuffing Ukraine with weapons,” Russia bombarded railroad stations and other supply-line targets across the country, as the European Union moved to further punish Moscow for the war Wednesday by prop
Movies love a comeback story. This summer, it's their turn.

Movies love a comeback story. This summer, it's their turn.

This summer at the movies, Tom Cruise is back in the cockpit behind those iconic aviators. Doctors Grant, Sattler and Ian Malcolm are returning for another round with the dinosaurs. Natalie Portman is picking up Thor’s hammer.
Recipe Unlimited Q1 profits up 62 per cent despite forced closures, fewer locations

Recipe Unlimited Q1 profits up 62 per cent despite forced closures, fewer locations

VAUGHAN, Ont. — Recipe Unlimited Corp. is reporting a 62 per cent increase in net profits last quarter despite 79 fewer restaurants and forced closures because of COVID-19. The Ontario-based restaurant company said it earned $21.
Maple Leaf Foods CEO stepping down next year after being appointed executive chair

Maple Leaf Foods CEO stepping down next year after being appointed executive chair

MISSISSAUGA, Ont. — The head of Maple Leaf Foods Inc. will be stepping down as chief executive next year, after being appointed executive chair of the board of directors.
Spin Master raises 2022 guidance after Q1 sales increase 34 per cent, profits surge

Spin Master raises 2022 guidance after Q1 sales increase 34 per cent, profits surge

TORONTO — Toymaker Spin Master Inc. is increasing its revenue guidance for 2022 after sales increased 34 per cent in its latest quarter, causing profits to surge more than tenfold. The Toronto-based company, which reports in U.S.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,184.95, up 279.67 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down 10 cents, or 3.6 per cent, to $2.66 on 19.1 million shares.
Fed raises key rate by a half-point in bid to tame inflation

Fed raises key rate by a half-point in bid to tame inflation

WASHINGTON (AP) — The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point Wednesday — its most aggressive move since 2000 — and signaling further large rate h
Gildan smashes through expectations with record Q1 sales and profits up nearly 50%

Gildan smashes through expectations with record Q1 sales and profits up nearly 50%

MONTREAL — Gildan Activewear Inc. smashed through expectations as its net profit soared nearly 50 per cent in its latest quarter on record revenue due to stronger demand in North America.
North American stock markets surge after Fed says even larger rate hike not on table

North American stock markets surge after Fed says even larger rate hike not on table

TORONTO — North American stock markets surged Wednesday afternoon after the U.S. Federal Reserve announced its largest interest rate hike in 22 years but extinguished fears of even bigger increases to come. The U.S.